SolarWinds gains on report it’s exploring options, potential sale (NYSE:SWI)
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SolarWinds (NYSE:SWI) rose 11.5% in after-hours trading amid a report that the software company is exploring options, including a potential sale.
The company, which is controlled by private equity firms Silver Lake and Thoma Bravo, is working with financial advisers to prepare a sale process that may start early next year, according to a Bloomberg report, which cited people familiar with the matter.
No final decision has been made, and SolarWinds (SWI) may decide to remain independent.
Representatives for SolarWinds (SWI), Thoma Bravo, and Silver Lake declined to comment to Bloomberg.
SolarWinds (SWI) is expected to report Q3 results on Thursday.
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